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Gift Money or Your Own? A Tip for the Mortgage Process
If you’ve been waiting it out to get pre-qualified to buy a new home, think of 2013 as your last chance to act.
Seriously – sure, you can do it next year. Or the year after. Right now though, interest rates are expected to remain volatile for the new few months and into early 2014 – so right now you can still get some great rates and lock in a lower rate with some of our great loan programs like Lock and Shop.
In our area, property values are climbing creating another good reason to buy – if have been on the fence about making the move.
With good credit, persistence and some shopping skills, you can still snag phenomenal deals this year.
New USDA Guidelines Announced for Wake, Granville and Franklin Counties
Interest rates are expected to remain very volatile for the rest of the 2013 year, and into 2014.
In addition to this news, the USDA has changed property eligibility guidelines. This means that in Wake County – some towns are no longer eligible for a USDA loan.
The main affected areas include Wake Forest, Knightdale, Holly Springs, Fuquay Varina, and Clayton. A small section of Wake County is still eligible – north of State Route 98 and west pf Camp Kanata Road, also north of Purnell Road. Lizard Lick is eligible.
All of Granville and Franklin counties are eligible EXCEPT Wake Forest in those two counties.
For more information, contact Dan or Allison today.
Office: 919-676-1111
Raleigh and Durham getting some Positive “Southern Exposure”
Forbes Ranks Raleigh NC as No. 2 Biggest Boom Town in U.S.
Raleigh has experienced the second-highest overall population increase and the third-highest job growth over the past two decades in the U.S.
It also ranked among those regions seeing the biggest jump in new immigrants and is the No. 1 city for families with young children. The area is a magnet for technology companies fleeing the more expensive, congested and highly regulated northeast corridor.
Staging Costs Are Tax Deductible when Selling a Home
While your clients should contact their CPA on this topic, this is pretty interesting angle and argument for having a professional stager come in and make your listings shine!
Tax tip to your clients: Home staging fees are deductible expenses.
Tip to realtors: read this entire article to understand how…
Home resales hit a three-year high
(Reuters) – Home resales hit a three-year high in February and prices jumped, adding to signs of an acceleration in the housing market recovery, even though the supply of properties on the market increased.
The National Association of Realtors said on Thursday existing home sales increased 0.8 percent to an annual rate of 4.98 million units last month, the highest level since November 2009. The January sales pace was revised up a 4.94 million units from the previously reported 4.92 million units.
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